Post dating a cheque in uk

If you plan to write a postdated check, ask for permission before doing so.

If your payment is rejected, you might be unable to buy a product or service that you wanted, you might have to pay late-payment fees, or there might be other consequences.

Make sure they know that the check is postdated, and verify that this is acceptable.

If they deposit the check early and it bounces, your bank will charge you an insufficient funds fee (or overdraft charges, depending on your account).

It’s also illegal to defraud somebody who sells you something by pretending to pay but never actually paying (or having the intention to do so).

Not a written agreement: Just because it's legal doesn't mean things will work out the way you intended: The date that you choose to use is not part of a legally binding agreement between you and the person you wrote the check to.

In most cases, you can deposit or cash a postdated check early.

Debt collectors and other businesses may be prohibited from processing a check before the date on the check, but most individuals are free to take postdated checks to the bank immediately.

Ask about any fees involved, and expect to pay or so.In most cases, the recipient can deposit the check at any time.Unless you set things up correctly with your bank, the bank is free to pay funds out of your account before the date shown on your check.A postdated check is a check with a future date written on it. Two potential reasons for this include: No fraud allowed: There’s no law making postdated checks illegal.

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It is illegal to write a check when you know you don’t have the funds to cover it, but things get a little fuzzy – and details depend on state law – when you postdate a check (assuming it is accepted as payment).

If you really want to cash a postdated check for the full amount, take it to the bank that issued the check — where the check writer has a checking account. In some cases, postdated checks get deposited, and nobody ever notices (they don’t look closely at the date).

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